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HomeNewsCrimeEx-CBN Governor, Emefiele, Faces Interim Forfeiture of Millions and Properties Following Court...

Ex-CBN Governor, Emefiele, Faces Interim Forfeiture of Millions and Properties Following Court Order

Lagos, Nigeria – In a significant development, a Federal High Court in Ikoyi, Lagos, has issued an interim forfeiture order for the sum of $4,719,054, N830,875,611, and several properties allegedly linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The order was granted by Justice Yellim Bogoro on Friday, following an ex-parte motion filed by the Economic and Financial Crimes Commission (EFCC).

The funds, held in various bank accounts, were allegedly linked to individuals and companies including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

In addition to the funds, several properties were also targeted for interim forfeiture. These include a construction project involving 94 units of an 11-story building located at 2, Otunba Elegushi 2nd Avenue (Formerly Club) Road, in Ikoyi, Lagos. Other properties include AM Plaza, an 11-story office space situated on 1E, Otunba Adedoyin Crescent in Lekki Peninsula Scheme 1, Lagos. The list also includes properties in Imoore Land, Ibeju-Lekki LGA, Lagos; Lekki Foreshore Estate Scheme in Eti-Osa LGA; and properties in Coppel, Texas, among others.

The EFCC, in its motion, sought an interim forfeiture under various legal provisions, including the Advance Fee Fraud and Other Fraud-Related Offences Act of 2006 and the Constitution. The agency also requested the publication of the interim order in a national newspaper, calling on any interested parties to appear before the court within 14 days to show cause why the final order of forfeiture should not be made in favor of the Federal Government of Nigeria.

Justice Bogoro, after considering the submissions of the EFCC’s counsel, granted the ex-parte motion. The case has been adjourned to July 2, 2024, for the motion for final forfeiture.

This latest development underscores the government’s commitment to combating financial crimes and ensuring accountability. The interim forfeiture of the funds and properties linked to the former CBN governor further reinforces the need for transparency and the rule of law in Nigeria’s financial sector. As the legal proceedings continue, the public eagerly awaits further updates on the case and the outcome of the motion for final forfeiture.

Efecha Gold
Efecha Goldhttps://goldennationmultimedia.com/
Multimedia Expert, Journalist, and Singer.
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